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Banc of California redeems all $42M of SBLF preferred stock
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Irvine,Ca.-based Banc of CaliforniaInc. has completed the redemption of an aggregate of $42 million ofits series A senior noncumulative perpetual preferred stock and series Bnoncumulative perpetual preferred stock, according to an April 4 news release.
Both wereissued to the U.S. Treasury under the Small Business Lending Fund program, thecompany said.